Synthetix Perps v2 reaches a new milestone, but here’s the caveat

The P/S ratio went up while the total value locked on SNX declined. Supply outside of exchanges increased but the key metrics looked bearish.  Synthetix [SNX] witnessed a major surge in its Perps V2 exchange as its daily volume reached $100 million. This indicated an increased number of investors in the network, as crypto traders […]